The Income-Tax Department is scrutinising in detail all unexplained credits and investments in personal as well as corporate income-tax filings and is even looking to invoke the Benami Act in many cases.

A day after World Bank came out with its Doing Business 2018 rankings, Finance Minister Arun Jaitley took a jibe at the opposition by saying, \"UPA's ease of doing corruption has been replaced by NDA's ease of doing business.\"

The survey conducted by World Bank covers economies of 190 countries, evaluating them on 10 specific parameters required for doing business. India has improved its standing in 6 put of these 10 indicators.

The Modi government's initiatives like Swachh Bharat, Goods and Services Tax (GST) and demonetisation are having desired impact, the latter two resulting in increasing tax compliance and squeezing quantum of cash in the economy, finance minister Arun Jaitley has said.

From having a cumulative balance of about Rs 13 crore as on 8th November, 2016, these companies have deposited and withdrawn about Rs 3800 crore, leaving a negative cumulative balance of almost Rs 200 crore at the time of freezing of their accounts.